Dominion Energy Transmission

What Dominion Energy Transmission does

Dominion Energy Transmission is the electric transmission and distribution operations of Dominion Energy, Inc., a vertically integrated regulated utility headquartered at 120 Tredegar Street in Richmond, Virginia. The company operates a 6,800-mile electric transmission network in Virginia and North Carolina, 58,510 miles of distribution lines in VA/NC, 19,000 miles of distribution lines in South Carolina, and 10,330 miles of natural gas pipelines in South Carolina, serving a combined 2.7 million electricity customers in VA/NC, 821,000+ electricity customers in SC, and 500,000 natural gas customers in SC. Generation is diversified across natural gas, coal, oil, nuclear, onshore/offshore wind, solar, biomass, and nine hydroelectric facilities, including the 3,003 MW Bath County Pumped Storage Station.

Underlying technology includes a smart grid modernization program (smart meters, customer-information platform, intelligent grid devices, cyber-security, and strategic undergrounding) and a visual AI asset inspection system deployed in partnership with Buzz Solutions. The AI platform processes drone-captured imagery across the 6,800-mile transmission network, achieving 85% detection accuracy and reducing inspection analysis time by approximately 70%, with expansion to substation components and thermal anomaly detection.

The business model is a regulated utility franchise model: revenue is generated through monthly, subscription-style rates approved by state commissions (Virginia SCC, North Carolina UC, South Carolina PSC) across residential, commercial, industrial, and federal/DoD customer segments. Distribution is entirely direct-to-customer via company-owned infrastructure, supplemented by a Government Solutions division that has privatized 10 military installations and offers utility energy services to federal facilities. Pricing is not publicly disclosed at the SKU level as it is set through state-level regulatory rate cases rather than commercial negotiation.

Name

Dominion Energy Transmission

Legal name

Dominion Energy, Inc.

Website

https://dominionenergy.com

Company type

Public

Founded year

1983

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Dominion Energy Transmission operates and maintains the electric transmission and distribution network of Dominion Energy, Inc., serving millions of residential, commercial, industrial, and federal customers across Virginia, North Carolina, and South Carolina under regulated utility franchises.

Ownership category

akta.pro rank

Product category

Electric and Natural Gas Utility Services

NAICS

Natural Gas Distribution (2212), Pipeline Transportation of Natural Gas (48621), Electric Power Generation, Transmission and Distribution (2211), Hydroelectric Power Generation (221111)

SIC

Natural Gas Distribution (4924), Natural Gas Transmisison & Distribution (4923), Natural Gas Transmission (4922), Electric Services (4911), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Local Distribution Company (LDC) Natural Gas Distribution Utilities (TLAGADAA)

akta.pro secondary industries

Interstate & Intrastate Natural Gas Transmission Pipelines (EUAAACAB), Natural Gas Compressor Stations & Metering/Regulation Stations (TLAGAKAD), Pumped-Storage Hydroelectric Generation (EUACAEAC), HVDC Cables & Overhead Lines (Subsea, Underground, Overhead) (EUADAMAB)

Keywords

• Natural gas transmission
• Electric utility services
• Power generation portfolio
• Renewable energy generation
• Grid infrastructure operations

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Technology or R&D, Personnel, Others

Revenue model

1. Electricity Transmission and Distribution: Regulated electricity transmission and distribution services to 2.7 million customers in Virginia and North Carolina and over 821,000 customers in South Carolina. Revenue is based on regulated rates approved by state utility commissions.
2. Natural Gas Delivery: Natural gas pipeline delivery service to 500,000 customers in South Carolina through over 10,330 miles of natural gas pipelines. Revenue is based on regulated rates.
3. Power Generation: Generation of electricity through diverse sources including natural gas, coal, oil, nuclear, wind, solar, biomass, and hydroelectric facilities for supply to the grid.
4. Government Energy Solutions: Privatization of facilities and energy services to federal government and Department of Defense installations. Has privatized 10 military installations and delivers energy services to key federal sites.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Dominion Energy Transmission operates and maintains regulated electricity transmission and distribution networks across Virginia, North Carolina, and South Carolina, serving approximately 3.5 million homes and businesses. The company also delivers natural gas through more than 10,330 miles of pipelines to 500,000 customers in South Carolina and generates electricity from a diversified portfolio spanning nuclear, natural gas, coal, oil, onshore/offshore wind, solar, biomass, and hydroelectric facilities.

Product overview

Dominion Energy Transmission operates as a vertically integrated energy company offering electric transmission, distribution, natural gas delivery, and power generation across multiple states. The core product portfolio includes electric transmission services (6,800 miles) and distribution networks serving 2.7 million customers, natural gas pipelines (10,330+ miles) serving 500,000 customers, and diverse power generation assets including nuclear, natural gas, hydroelectric (including Bath County Pumped Storage at 3,003 MW), wind (onshore and offshore), solar, and biomass facilities. Recent technology additions include drone-based visual AI asset inspection with Buzz Solutions for automated transmission infrastructure monitoring. The company also offers renewable energy certificates, mobile app services for customers, and specialized government solutions including military installation privatization. The product ecosystem is organized around Dominion Energy Virginia, Dominion Energy North Carolina, and Dominion Energy South Carolina operating entities.

Differentiator

Problem solved

Functional benefit

Products and services

• Electric Transmission and Distribution Services

Quantifiable outcome

• 85% detection accuracy for key asset attributes using visual AI inspection
• +4 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Buzz SolutionscoreTechnology or Integration · 23 March 2026Dominion Energy Transmission partnered with Buzz Solutions to deploy visual AI technology for asset inspection across its 6,800-mile transmission network in Virginia and North Carolina. The utility is achieving over 85% detection accuracy for key asset attributes and has reduced inspection analysis time by approximately 70%, processing 74,000 images in 3.5 hours. Based on early results, the program has expanded to include substation components and thermal readings using docked drones.
• Convergence 2025 Exhibitors and SponsorsminorGTM or Marketing Partner · 9 September 2025Convergence 2025 supplier expo and career fair hosted by Dominion Energy with more than 65 exhibitors participating. Includes companies such as American Water, Constellation Energy, Capital One, Burns & McDonnell, Black & Veatch, and others to showcase business opportunities and employment.
• Sustainable Supply Chain Alliance (SSCA)minorStrategic or Co-development PartnerDominion Energy is a proud member of the Sustainable Supply Chain Alliance (SSCA), working with peer utility members to collaborate and share best practices to make positive impacts in the industry.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Duke Energy: Duke Energy is the closest direct peer: a vertically integrated, multi-state regulated electric and gas utility serving the Carolinas, Florida, and the Midwest with similar scale, generation mix, and regulatory framework. It shares the same Southeast exposure and transition dynamics.
• Xcel Energy: Xcel Energy is a regulated electric and natural gas utility serving eight Midwestern and Western states with a leading decarbonization strategy. Comparable on combined electric/gas service, regulated rate-base growth, and ambitious Net Zero targets.
• Eversource Energy: Eversource is a regulated electric, natural gas, and water utility serving customers across New England. Comparable as a multi-state, multi-fuel regulated utility with heavy energy-transition CapEx, although its geographic footprint (New England) differs from Dominion's Southeast base.
• Entergy: Entergy operates a vertically integrated regulated electric utility across Louisiana, Arkansas, Mississippi, Texas, and Missouri with significant nuclear generation. Directly comparable on regulated generation + T&D model and nuclear-heavy mix.
• American Electric Power: AEP is one of the largest US electric T&D utilities, operating across 11 states with both regulated transmission and distribution. Comparable in scale, multi-state regulated structure, and T&D-heavy asset mix, though Dominion also has sizable generation and gas operations.
• FirstEnergy: FirstEnergy is a multi-state regulated electric transmission and distribution utility serving Ohio, Pennsylvania, New Jersey, Maryland, West Virginia, and New York. Comparable on regulated T&D scale, though it is wires-only with no gas or retail generation operations.
• Southern Company: Southern Company operates as a vertically integrated regulated electric utility across Georgia, Alabama, and Mississippi with a large nuclear and gas generation fleet. It mirrors Dominion's regulated utility model, Southeast/mid-Atlantic footprint, and energy-transition CapEx profile.
• DTE Energy: DTE Energy is a vertically integrated regulated electric and gas utility serving Michigan with diversified generation including nuclear, gas, and renewables. Smaller than Dominion but comparable business-model architecture: regulated electric + gas, generation fleet, energy-transition roadmap.
• Exelon: Exelon is a large pure-play regulated T&D utility operating across Illinois, Pennsylvania, Maryland, New Jersey, and DC. It is comparable on the regulated electric delivery side, though it divested generation, making it a closer peer to Dominion's wires/pipes business than its generation fleet.

Broad incumbents

• NextEra Energy: NextEra Energy is the largest US electric utility by market cap, combining Florida Power & Light's regulated operations with NextEra Energy Resources' renewable development arm. It is broader than Dominion — much larger renewables platform — but the regulated FPL utility is directly comparable.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/dominionenergy
• YouTubeyoutube.com/user/DomCorpComm
• Facebookfacebook.com/DominionEnergyCareers
• LinkedInlinkedin.com/company/dominionenergy
• Instagraminstagram.com/DominionEnergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dominion Energy Transmission